s the summer continues, the Victoria real estate market is settling into a period of healthy stability. The latest statistics from the Victoria Real Estate Board for July 2025 paint a clear picture: a balanced market rich with opportunities for both buyers and sellers.
After a busy spring, July saw sales activity remain strong while inventory levels continued to climb, giving buyers more selection than they’ve seen in years. This combination has created a predictable and stable environment, taking much of the guesswork out of the real estate process.
Let's dive into the key numbers for July 2025.
In July, a total of 680 properties were sold across the Victoria Real Estate Board region. This marks a 4.6% increase from the 650 properties sold in July 2024, showing sustained buyer interest in the market.
The sales breakdown for the month was as follows:
This steady demand confirms that serious buyers are actively looking to make a purchase this summer.
One of the biggest stories this month is the growth in housing inventory. At the end of July, there were 3,703 active listings for sale. This is a significant 10.6% increase from the 3,348 homes available at the same time last year.
This rise in inventory is excellent news for buyers, as it provides a wider selection of properties to consider and eases the sense of urgency that often dominates markets with low supply. The sales-to-active-listings ratio currently sits at 18.4%, which indicates a balanced market where there is little pressure on prices to move significantly in either direction.
In a balanced market, prices tend to be stable and predictable. By looking at median prices—the middle point of all sales—we get a clear picture of what the typical property is selling for.
The median sale price for a single-family home in July was $1,175,000. This is a modest 2.2% increase from July 2024, reinforcing the market's stability.
The median sale price for a condominium was $540,000. This represents a 2.9% increase from the previous year, showing strong value retention in the condo sector.
Townhomes saw a median sale price of $800,000 in July. This asset class remains highly sought-after, with prices up 1.9% from last year.
Understanding the market is key to making a successful move. Here’s how the current conditions might affect you.
This is an excellent time to be shopping for a home. The increased inventory means more choice and more time to make a considered decision without the intense pressure of a seller's market. While prices are stable, not falling, the balanced conditions give you room to negotiate.
A balanced market is a healthy market. Buyer demand is strong, and prices are holding firm, ensuring you get fair value for your property. To succeed in this environment, it's crucial that your home is priced correctly and presented beautifully to stand out from the increased competition.
The Victoria real estate market in July 2025 is defined by balance and opportunity. Whether you are looking to buy your first home, find your next one, or sell your current property, the stable conditions are in your favour.
If you have any questions about what these numbers mean for your specific situation or are ready to explore your options, please don't hesitate to reach out. I'm here to provide the expert guidance and up-to-the-minute insights you need to achieve your real estate goals.
Contact me today for a no-obligation consultation!
Dustin Miller is the managing broker of 8X Real Estate. When he's not on the road, he is on his computer looking at real estate. You can often find Dustin at his office enjoying a bowl of won-ton soup.
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